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% to the pentagon, 5% to domestic agencies operating budgets. >>> president obama will meet today with japanese prime minister shinzo abay. they will be discussing the north korea nuclear threat. the united states and japan have a security alliance that dates back decades now. the two leaders will also talk about trade and other economic issues. >>> united airlines will keep boeing 787s grounded until june. boeing will go to the faa today with plans to fix the plane's battery problems. the 787 dreamliner has been grounded since two incidents last month. the japanese investigators say they found an oil leak caused by an improper paint job that disabled a switch. they are still looking into the battery issues. >>> hewlett-packard's latest report shows better-than- expected results. hp profits fell 16% in the latest quarter but that was better than wall street and even hp expected. ceo meg whitman said it may take several years before the company is on solid ground again. hp's revenue has dropped for six consecutive quarters compared to the previous year. >>>
as the sequester. so ironically, if the president is going to discuss job creation, the pentagon is planning to cut 800,000 civilian worker hours by 20% and homeland security is about to slash a quarter of its total border agents. so really opposing ideas being introduced at the same time. >> is it possible the sequester won't happen? >> reporter: the president has been talking about the negative impact of this sequester and economists agree. they say these cuts will shave a .5% from growth thisser y that's significant. we are only growing by 2 to 2.5% but this is a hard part about debt reduction. figuring out how to dig out of the hole which would come at the expense of growth. >> how does the public weigh in on how to do that? >> reporter: we want it all not surprisingly. in a recent poll people say strengthening the economy and improving the jobs situation should be the top priority for the white house and congress. right? that was the same as four years ago. but reducing the budget deficit is moved up significantly on the public agenda. if you look at
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